SK Battery Georgia Layoff

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Yesterday, this blog featured a new post from the Dallas Fed that discussed the pivot by US battery manufacturers from EV batteries to power storage systems because of sagging EV sales in the US. As if on cue, today's newswires are reporting on the decision by SK Battery America to lay off nearly 1,000, or 37% of its employees, at its plant outside of Atlanta. Key company quote in this AP article: "We are pursuing a range of future customers, including the Battery Energy Storage System arena".

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